5:30 - 6:00

Built Bank Tough: Developing Fintech on the Inside

Session Description

How does a community bank compete with the looming threat of fintech disruptors? Build their own. In 2014, Eastern Bank launched Eastern Labs, its internal technology incubator. For two years the team has been building technology that rivals any startup. The concept of Labs is to spin in technology for Eastern to utilize, in addition to spinning out new companies. Given the overwhelming success of its first product, Eastern Labs is preparing to launch its first company. My presentation will serve as a case-study of a technology company successfully incubated inside a bank, following the progression from community bank, to incubator, to successful spin-off.